ᐅ How much are your living expenses after building your house?
Created on: 21 Aug 2019 14:24
K
Kusserob
Hello dear community,
We have been proud homeowners for one year now, and I need some help regarding our family’s living expenses.
These are our average monthly costs:
- Food / personal care: 600€
- Utilities (electricity/heating/water): 250€
- Mortgage repayment: 1300€
- Home insurance (contents + building): 50€
- Private insurance (private pension, disability, term life, accident, liability, legal protection): 365€
- Car: 200€ (including 50€ monthly savings)
- Mobile / internet / streaming services: 100€
- Savings: 270€
- Miscellaneous (restaurants, cinema, hairdresser, etc.): 200€
- Clothing: 100€
- Purchases (home/child): 150€
TOTAL: 3585€
We are a household of three (single-family home with 150 m² (1600 sq ft)) with a toddler (2 years old), and I personally consider this amount quite high, but I don’t know where we could significantly cut costs. We don’t have expensive hobbies or other major expenses.
What are your typical monthly expenses?
I’d appreciate any comparison.
Best regards,
Basti
We have been proud homeowners for one year now, and I need some help regarding our family’s living expenses.
These are our average monthly costs:
- Food / personal care: 600€
- Utilities (electricity/heating/water): 250€
- Mortgage repayment: 1300€
- Home insurance (contents + building): 50€
- Private insurance (private pension, disability, term life, accident, liability, legal protection): 365€
- Car: 200€ (including 50€ monthly savings)
- Mobile / internet / streaming services: 100€
- Savings: 270€
- Miscellaneous (restaurants, cinema, hairdresser, etc.): 200€
- Clothing: 100€
- Purchases (home/child): 150€
TOTAL: 3585€
We are a household of three (single-family home with 150 m² (1600 sq ft)) with a toddler (2 years old), and I personally consider this amount quite high, but I don’t know where we could significantly cut costs. We don’t have expensive hobbies or other major expenses.
What are your typical monthly expenses?
I’d appreciate any comparison.
Best regards,
Basti
N
nordanney21 Aug 2019 15:56Bookstar schrieb:
Just food alone easily costs us over 1000 euros per month. Cars also cost us more than 1000 euros per month.That is quite an upscale lifestyle compared to the average.F
fach1werk21 Aug 2019 16:27The only real help is the well-known household budget book. When you analyze it afterwards, you always find some savings. However, I don’t really see any figures where a lot can be saved. What often helps me is to check the rates for insurance and energy again. Sometimes a long-term contract gets a little more expensive each year, so in the end it is no longer really competitive.
Best regards, Gabriele
Best regards, Gabriele
H
hampshire21 Aug 2019 16:54The overview shows a household managed with care and reason. It does not matter at all what others spend. As long as the income comfortably covers the household’s expenses, everything is fine. Problems arise either for those who compare themselves in the wrong way and consistently live beyond their means, or for those whose income simply isn’t enough to cover living costs.
It makes no difference if someone else spends a lot of money on cars, travel, real estate, art, boats, airplanes, football clubs, hobbies, space travel, elephant polo, or whatever else there may be.
It makes no difference if someone else spends a lot of money on cars, travel, real estate, art, boats, airplanes, football clubs, hobbies, space travel, elephant polo, or whatever else there may be.
H
hemali200321 Aug 2019 20:08I think that looks quite normal.
We pay 360 per month for private retirement insurance and Riester pension, plus 150 for company pension. Sometimes I'm unsure if that is too much?
We pay 360 per month for private retirement insurance and Riester pension, plus 150 for company pension. Sometimes I'm unsure if that is too much?
B
boxandroof21 Aug 2019 20:10Your expenses for groceries, toiletries, clothing, housing, and children seem economical. We definitely spend about twice as much, though I’m not sure exactly.
If you want to save money, I would look at the recurring costs. Insurance, utilities, electricity, mobile phone, etc.—these are all lower for us.
Since moving, we have been spending significantly more, but not on the housing itself: Different circumstances because of the newborn, cooking at home now, a different environment. Here and there some furniture and purchases for the house and garden. I hope this will eventually level out.
PS: Don’t forget to take a vacation sometimes.
If you want to save money, I would look at the recurring costs. Insurance, utilities, electricity, mobile phone, etc.—these are all lower for us.
Since moving, we have been spending significantly more, but not on the housing itself: Different circumstances because of the newborn, cooking at home now, a different environment. Here and there some furniture and purchases for the house and garden. I hope this will eventually level out.
PS: Don’t forget to take a vacation sometimes.
H
hemali200321 Aug 2019 20:24boxandroof schrieb:
Since moving, our expenses have increased noticeably, but not for the living space itself: different circumstances due to the new child, we cook more now, a different environment. Here and there some furniture, purchases for the house and garden. I hope this will normalize eventually It’s similar for us, by the way. Here and there improvements, and especially for the garden all the new purchases we didn’t have before. Or huge amounts of grass seed, because the lawn I beautifully sowed in spring unfortunately didn’t survive most of the summer...
Then another 500 euros worth of bark mulch and finally the garden shed, which was actually supposed to come in a few years...
I also hope this will stop at some point...